The CFPB has issued a proposed rulemaking to further amend various provisions of the mortgage servicing rules under Regulation X and Regulation Z. The comment period ends on March 16, so you still have time to participate in this important process for the servicing industry. Significant changes are under consideration that will impact loss mitigation functions, servicing transfers, oversight of foreclosure counsel, and servicing loans for borrowers in bankruptcy.

In this webinar we will discuss the proposed amendments, the potential impact on mortgage servicers, and the operational challenges they create. We hope to enable you with the information necessary to voice your concerns to the Bureau, and to prepare you for these upcoming changes.

Topics

  • Details of the proposed amendments 
  • Operational challenges presented 
  • Litigation considerations 
  • What the proposal reveals about industry implementation 
  • Likely outcome of the final rule 
  • Possible UDAAP violations signaled by the proposed amendments

Program

12:00 PM - 1:00 PM ET

Moderator

John D. Socknat, Practice Co-Leader
Mortgage Banking Group

Presenters

Richard J. Andreano, Jr., Practice Co-Leader
Mortgage Banking Group

Reid F. Herlihy
Mortgage Banking Group

Daniel JT McKenna
Mortgage Banking Group

Continuing Legal Education

This program is open to Ballard Spahr clients and members of the financial services industry. There is no cost to attend. This program is not eligible for continuing education credits.

Please register at least two days before the webinar. Login details will be sent to all approved registrants. For more information, contact Lisa M. Prickril at prickrill@ballardspahr.com.  

Register

Related Area

Program Contact

Lisa M. Prickril
215.864.8252
prickrill@ballardspahr.com